Mexico mining output to shrink 17% in 2020 – industry group
MEXICO CITY – Mexican mining output will likely fall by about 17% in 2020 due to the impact of the novel coronavirus but should recover by the first quarter of next year, the head of the country's mining chamber said on Wednesday.
In interview with Reuters, Fernando Alanis, president of the chamber known as Camimex, also estimated Mexican mining exports would decline by around 10% this year as the pandemic rages on.
Alanis said about half of the industry's operational staff have now returned to work, with the rest following over the next two months. But even though mining activities have resumed, exploration would remain on hold for the time being.
"Last year, the total value of mining production was more or less around 244-billion pesos ($11.25-billion) and we're estimating that this year it will drop by 17%," he said. "In a couple of months, operations should be back."
Mexico has started reopening some key sectors of industry, including carmaking. Still, Alanis said the pandemic could also cost the mining industry some 71 000 indirect jobs.
On Tuesday, Mexican health authorities reported an increase of 3 891 coronavirus cases, the biggest daily jump yet, as well as 470 additional deaths. That brought the total number of known cases in the country to 97 326 and 10 637 deaths.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
